DOJ Highlights Fight Against Money Laundering

By Lashan Clarke

At the recent RSA Security Conference, two attorneys for the Department Of Justice section that deals with cybercrime, highlighted two online sites that have been used in the past to launder money.

Working with the Computer Crime and Intellectual Property Section (CCIPS), the attorneys stated that Web sites E-gold and Neteller have previously been used to transfer dollars to foreign casinos. E-gold is based within the West Indies, and charges have been filed against the 3 owners and its head company. Neteller is based in the Isle of Man, and at least eighty-five percent of its users were using it to transfer money out of the United States.

The United States would like to investigate WebMoney, a Russian based company, but any help from Russia has not been forthcoming.

The attack on cybercrime is the mandate of the DOJ, as more than thirty prosecutors have been hired by the CCIPS.